Negative Rates Are ‘Supernova That Will Explode,’ Gross Warns
Central banks push to lower rates will backfire, portfolio manager says.
By John Gittelsohn, Bloomberg News|June 09, 2016 at 09:21 AM|Originally published on Treasuryandrisk.Com
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Bill Gross, the manager of the $1.4 billion Janus Global Unconstrained Bond Fund, warned central bank policies that pushed trillions of dollars into bonds with negative interest rates will eventually backfire violently.